89 East Ave - Office FOR SALE
Rochester, NY 14649 |
89 East Ave
Rochester, NY 14649
HIGHLIGHTS
- The property’s location within an Opportunity Zone provides additional potential tax benefits for qualified investments.
- The sale would be subject to approval by the NYPSC.
- New construction and conversions of existing properties have joined existing residential, retail, hotels and neighborhood institutions.
OVERVIEW
Situated in the heart of Downtown Rochester’s vibrant East End neighborhood, 89 East Avenue is a historic 145,000-square-foot, 12-story office property that was constructed in 1926. The building has been owned, maintained and extensively improved for occupancy by Rochester Gas & Electric (RG&E), a subsidiary of Avangrid, Inc. (NYSE: AGR) which plans to vacate the building in 2020.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Rochester Gas & Electric
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
144568
STORIES
10
BUILDING CLASS
A
YEAR BUILT
1926
SPRINKLERS
-
PARKING SPACES
72
LAND DETAILS
LAND ACRES
1.1 AC AC
LAND SF
47,916 SF
ZONING
-
APN/PARCEL ID
261400-121-240-0002-038-000-0000
